Good News for SHIB Army: New Institutional Recognition!

Jakarta, Pintu News – Shiba Inu (SHIB) recently gained significant institutional recognition with its addition to the FTSE Grayscale Crypto Sectors Framework. This move marks a new era for the popular meme coin, providing a positive boost for SHIB holders.

Recognition from Financial Institutions

Shiba Inu (SHIB) has been officially included in the Consumer & Culture sector on the FTSE Grayscale Crypto Sectors Framework. This addition was announced by Lucie, SHIB’s head of marketing, through a post on X. The framework, which was launched in 2023, aims to classify crypto assets into clearer groups, making it easier for investors to understand and invest their funds.

The framework covers five niches, and the latest report from Grayscale shows that SHIB meets the Generic Listing Standards (GLS) criteria approved by the SEC. The GLS criteria allows exchanges to list crypto ETP products on generic terms, without the need for individual approval for each token.

Also Read: Will Bitcoin (BTC) Experience a Sharp Drop Before Surging Again? Here’s the Analysis!

SHIB with Dogecoin in the Culture Sector

Within the Consumer & Culture sector, only Shiba Inu (SHIB) and Dogecoin (DOGE) were recognized. These two coins were identified as tokens associated with community, culture, and entertainment. This shows the importance of these two digital currencies in influencing and shaping popular culture and online communities.

In addition, several crypto-based ETFs such as Solana (SOL) and Litecoin (LTC) have started trading in the United States. Meanwhile, an ETP product tied to SHIB has been issued by Valor Inc. in Europe, and T. Rowe Price has mentioned SHIB as a candidate for inclusion in their Active Crypto ETF.

Market Dynamics and Technical Analysis

Despite gaining institutional recognition, the price of SHIB has fluctuated. Market analysts note that the token is down more than 6% in the last 24 hours and has seen corrections of around 13% and 30% in the last week and month. This decline has lowered SHIB’s market capitalization ranking to 34th place.

A commentator at TradingView, Akbarkarimzsfeh, highlighted a long-term support line that in previous cycles was often followed by a sharp rebound. The analyst argued that dips into the area are usually followed by a quick rally, suggesting that the current pullback may be temporary.

Conclusion

This new recognition for Shiba Inu (SHIB) is expected to bring more institutional investors into the SHIB market. With strong support from the community and growing recognition, the future of SHIB looks bright. SHIB holders now have more reasons to remain optimistic about the long-term value of their investment.

Also Read: Dash price soars, hitting $100 after almost 4 years!

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Good News Finally Arrives for SHIB Army as Team Unveils New Update. Accessed on November 6, 2025